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CIMA CIMAPRA19-F02-1 Practice Questions
By
Matthew Randell,
in CIMA Professional Qualification Exams
Prepare CIMA CIMAPRA19-F02-1 Exam Questions
Question No 1:
Which THREE of the following would typically indicate a finance lease?
A. An asset with a useful life of ten years is being leased for ten years.
B. The lessor is responsible for the annual maintenance of the asset.
C. The lessee has the option to buy the asset at the end of the lease for $1.
D. The lease contract for an asset includes an upgrade to the asset every two years.
E. A leased asset has been specifically modified for the lessee's use.
Answer: A, C, E
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Information About CIMA CIMAPRA19-F02-1 Exam
Vender: CIMA
Exam Code: CIMAPRA19-F02-1
Exam Name: F2 Advanced Financial Reporting
Number Of Questions: 248
Certification Name: CIMA Professional Qualification
Exam Language: English
Questions Type: MCQs
Material Format: PDF & Web Practice Test Software